Corporate Accountability in Elections

Resolution 11-11.26L

WHEREAS, corporations are one of the primary spenders in electoral campaigns, spending ten to twenty times more money on elections than labor, the environmental community and other Democratic constituencies combined, and

 

WHEREAS, corporate interests are, for the third time in recent memory, attempting to silence the voices of working families once and for all by making it illegal for labor unions to collect dues through payroll deductions.

 

WHEREAS, payroll deductions are the primary source of funding for labor's electoral advocacy campaigns while corporate funding for electoral activity does not originate from payroll deductions but rather from billions of dollars in corporate profits which would remain at their disposal thereby making this business as usual for corporations but ending labor's ability to support candidates and fight big business at the ballot box.

 

THEREFORE BE IT RESOLVED, the California Democratic Party strongly supports the corporate accountability measures that would partially level the playing field by requiring executives to obtain shareholder approval before making any political contributions and by requiring contributions to be listed on corporate websites with failure to do so constituting a misdemeanor offense.

 

BE IT FURTHER RESOLVED, a copy of this resolution will be sent to all Democratic statewide elected officials and members of Congress and the State Legislature.

 

Sponsor: Chairman John Burton

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Adopted by the California Democratic Party
At its November 2011 Executive Board Meeting
Crowne Plaza Hotel, Burlingame
November 20, 2011

 

 

 

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